Question of the Day: Which company, used by more than 1/2 of 9-12 year olds on a weekly basis, recently listed their stock on the NYSE?
Answer: Roblox recently listed on the NYSE and has a ticker symbol of RBLX and is valued at $40 billion (as of 3/15/21)
- Why do you think that Roblox is such a valuable company?
- How does Roblox make money? Hint: What currency do you buy to make your game experience better?
- What is one question you would ask before deciding to invest in Roblox?
Behind the numbers (CNBC):
Roblox hits the market coming off an explosive year of growth, primarily from kids who were stuck at home because Covid-19 forced schools to close and sports leagues to shut down. Within Roblox, which is one of the top-grossing apps on Apple and Google devices, users create avatars that they can move between the millions of games on the service, navigating theme parks, adopting virtual pets and fighting enemies with their friends.
Be sure to check out our upcoming virtual PDs for a session on Roblox as a hook to talk about the stock market with your students
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About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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